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Hong Kong, June 18 (IANS) China-based ByteDance has shut down a sport growth studio, shedding greater than 100 staff, media stories stated.
ByteDance, TikTok’s mum or dad firm, shut down the ‘101 Studio’ in Shanghai it had acquired three years in the past.
“TikTok proprietor ByteDance is disbanding certainly one of its fundamental sport studios on account of its disappointing efficiency,” Nikkei Asia reported.
The gaming studio had round 300 staff and in response to the report, a few of them have been transferred to different verticals inside ByteDance.
ByteDance’s 2019 acquisition of the core group behind 101 Studio was “seen as laying the groundwork to problem the dominance of Tencent Holdings in cellular gaming”.
The event got here as TikTok is reportedly planning to make a significant push into gaming.
The short-video making platform has reportedly carried out checks that permit customers in Vietnam play video games inside its app.
Based on TikTok, the one sport presently out there to customers on its platform is Zynga’s “Disco Loco 3D,” a music and dance problem mini-game.
ByteDance can also be possible making ready to affix the digital actuality (VR) area.
ByteDance goals to take a position “tons of cash” in VR-related content material, stories Protocol.
Over 40 job listings have popped up for Pico, the Chinese language VR headset maker ByteDance acquired final yr, the stories talked about.
–IANS
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